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1905-S 1P Straight Serif, Allen 16.06a, FS-301 MS

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1905-S 1P Straight Serif, Allen 16.06a, FS-301 MS

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Greysheet Catalog Details (GSID: 26005)
The upper serif of the 1 in the date is straight (making the top of the numeral triangle-shaped), rather than distinctly curved. All 1905-S pesos are uncommon, because by 1906 the rising price of silver made the coins worth more as precious metal than as legal tender. By 1911 as many as 90 percent of the 6,056,000 minted had been pulled from circulation and melted. Most of the coins of this mintage have a curved upper serif on the number 1 of the date. The Straight Serif would later be the normal style for 1906 pesos. But for the 1905-S it’s an extremely rare die variety, especially in Mint State, where its value runs in the thousands of dollars.
Reverse: An eagle is portrayed in the center atop an American shield with 13 stars. UNITED STATES OF AMERICA is written around the periphery with the date at the bottom.

Catalog Details    Dealers Only

Catalog Detail

GSID: 26005
Coin Date: 1905-S
Denomination: 1P / Peso
Designation: MS
Mint Mark: S
Mint Location: San Francisco
Mintage: 6,056,000
Coinage Type: 1 peso, territorial obverse
Coinage Years: 1903-1906
Composition: 90% silver
Variety: Straight Serif
Variety 2: Allen 16.06a, FS-301
Strike Type: Business
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